1 CONSTRUCTION INDUSTRY CAPACITY TO BE INCREASED FOUR TIMES IN COMING DECADE WWW.MONTSAME.MN PUBLISHED:2019/08/20      2 NO MEAT EXPORTS AND IMPORT DURING HARVEST TO ENSURE STABLE FOOD SUPPLY WWW.MONTSAME.MN PUBLISHED:2019/08/20      3 TRUMP INTERESTED IN BUYING GREENLAND WWW.NHK.OR.JP PUBLISHED:2019/08/20      4 FESTIVAL HELD TO CELEBRATE REINDEER POPULATION GROWTH WWW.MONTSAME.MN PUBLISHED:2019/08/20      5 SCALING UP SUPPORT FOR SUSTAINABLE DEVELOPMENT: MONGOLIA ON THE RISE WWW.UNESCAP.ORG PUBLISHED:2019/08/20      6 HUMANS MIGRATED TO MONGOLIA 10,000 YEARS EARLIER THAN PREVIOUSLY BELIEVED WWW.HERITAGEDAILY.COM PUBLISHED:2019/08/20      7 FLUORSPAR: RESOURCE NATIONALISM COMPLICATES MINING INVESTMENT IN MONGOLIA WWW.ROSKILL.COM  PUBLISHED:2019/08/20      8 UNITED NATIONS ESCAP EXECUTIVE SECRETARY MEETS PRIME MINISTER OF MONGOLIA WWW.AKIPRESS.COM PUBLISHED:2019/08/20      9 DONALD TRUMP JR. TRAVELLING IN MONGOLIA WWW.NEWS.MN PUBLISHED:2019/08/20      10 COMMUTING NIGHTMARE IN UB AS PEACE BRIDGE CLOSES WWW.NEWS.MN PUBLISHED:2019/08/20      ЧЕХ-МОНГОЛЫН БИЗНЕС УУЛЗАЛТ, СЕМИНАР WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2019/08/20     “ХАР АЛТ”-НЫ ҮНЭ ХААЧИХ ВЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2019/08/20     ТАВАНТОЛГОЙГ АШИГЛАХ ХУВИЛБАРУУДЫН ЯЛГАРАЛ WWW.UNUUDUR.MN  НИЙТЭЛСЭН:2019/08/20     “БОРОО ГОУЛД” ЗӨГИЙН “ШИД”-ИЙГ АШИГЛАЖ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2019/08/20     ЖАК УЭТЕРФОРД: МОНГОЛ ӨНГӨРСӨН 800 ЖИЛИЙН ХУГАЦААНД ХАМГИЙН БАГА ӨӨРЧЛӨГДСӨН УЛС Ч БАЙЖ МАГАДГҮЙ ЮМ WWW.IKON.MN  НИЙТЭЛСЭН:2019/08/20     МОНГОЛ УЛС СААРАЛ ЖАГСААЛТАД ОРОХ ЭСЭХИЙГ ШИЙДВЭРЛЭХ ХУРАЛ АВСТРАЛИД БОЛЖ БАЙНА WWW.IKON.MN  НИЙТЭЛСЭН:2019/08/20     ТАЙВАНИАС МАНАЙ УЛСАД АЯЛАХААР ИРСЭН ЖУУЛЧДЫН ТОО ӨНГӨРСӨН ОНЫ МӨН ҮЕЭС 30.1 ХУВИАР ӨСЖЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/08/20     ХЭРЭГЛЭГЧ ХҮССЭН ҮЕДЭЭ ШАТАХУУН ТҮГЭЭХ СТАНЦЫН БАТАЛГААЖИЛТЫГ ШАЛГАДАГ БОЛЛОО WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/08/20     АЮУЛТ ҮЗЭГДЛИЙН УЛМААС 30.8 ТЭРБУМ ТӨГРӨГИЙН ХОХИРОЛ УЧИРСАН БАЙНА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/08/20     БАНКУУДЫН ДОТООДЫН ЗЭЭЛ 16.8 ИХ НАЯД ТӨГРӨГ БОЛЖЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/08/20    

Xanadu Mines hits 40 metres at 2.3 g/t gold in first assay batch www.proactiveinvestors.com.au

The positive results demonstrate good potential for a shallow oxide gold resource that could act as a potential starter operation for the deeper porphyry deposit.

Xanadu Mines Ltd - Xanadu Mines hits 40 metres at 2.3 g/t gold in first assay batch 
Additional assays remains pending and follow-up drilling is underway
Xanadu Mines Ltd (ASX:XAM) has received the first batch of assays from drilling targeting shallow oxide gold at the Stockwork Hill prospect within its Kharmagtai copper-gold project in Mongolia.

Highlights from the first two holes include 40 metres at 2.3 g/t gold from surface and 40 metres at 0.81 g/t gold from surface.

The results have increased the company’s confidence in the oxide gold opportunity at Stockwork Hill, which is the first prospect to be drilled outside and above the Kharmagtai copper-gold deposit.

Assays remain pending for a further six holes in the eight-hole program

Gold content underestimated
Xanadu’s CEO Dr Andrew Stewart said: “We are very pleased by these initial drill results from the mineralised oxide zone above the Stockwork Hill deposit.

“Assays from the first two drill holes in the eight-hole program confirm our belief that previous drilling within the oxide zone above the sulphide deposits has underestimated the gold contained.

“These outstanding gold intercepts generated at Stockwork Hill show just how underexplored the broader Kharmagtai Project is for oxide gold mineralisation and validates the current plan of developing a low-cost, high-value gold starter project at Kharmagtai.”

Objective remains developing Mongolia’s next large-scale deposit
Stewart added: “Our long-running objective is to develop Mongolia’s next large-scale open pit copper and gold deposit.

“However, given Kharmagtai sits on a granted mining lease with a registered water resource and an established power supply nearby, we have the ability to move quickly on an oxide gold project and our current strategy of seeking high-return options via an oxide gold project is focused on providing the capital needed to advance that larger-scale copper and gold project.”



Published Date:2019-08-14